This strategic acquisition would enable HCL to further expand into newer market-domains, especially in analog and mixed signal design, a statement said.

"Sankalp's capabilities, combined with HCL's existing strengths, will help HCL sustain its leadership position in the semiconductor space within the engineering and R (research and development) services industry," it said.

"Sankalp will complement our strong semiconductor offerings and help offer a wider range of services to our customers in the analog and mixed signal space," HCL Technologies President (Engineering and R Services) GH Rao said.

Sankalp will operate as a 100 percent subsidiary of HCL, he added.

"The strategic acquisition will enable synergies between engineering teams, allowing us to offer a broader semiconductor know-how to a wider variety of customers.